A requirement that the budget be balanced each and every year would prevent automatic stabilizers from working and would __________________ the severity of economic fluctuations.
a. worsen
b. lessen
c. prolong
d. improve
a. worsen
You might also like to view...
Refer to Scenario 12.2. In this game, if the players successfully coordinate and Jerome ends up playing his weak strategy, then
A) Eliza will donate a kidney and Jerome will not donate. B) both Eliza and Jerome will donate a kidney. C) Jerome will donate a kidney and Eliza will not donate. D) neither Eliza nor Jerome will donate a kidney.
Worker surplus can be measured as an area on the market labor supply curve if worker tastes are quasilinear in leisure.
Answer the following statement true (T) or false (F)
A price ceiling set above the equilibrium price causes quantity demanded to exceed quantity supplied
a. True b. False Indicate whether the statement is true or false
Which combination of circumstances will most likely raise the rate of interest for a loan the most?
A. high risk and a long length of time for repayment B. low handling charges and a long length of time for repayment C. low handling charges and low risk D. high risk and low handling charges